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20121201
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CNBC
Dec 24, 2012 12:00pm EST
of the year. we've got craig hodges with us of the hodges fund and our own rick santelli. another guest will join us shortly. nice to have you on the program. craig, kicking off with you, in terms of your small cap portfolio, any changes as we go into year end? what would be the best strategy? >> historically, if you are at work you can make some really good buys. you have the january effect, the tax loss selling going on all month. this year is an unusual year in that you have also not just tax loss selling but you have people taking gains on stocks that they've held for years that they're trying to take advantage of, the 15% capital gains rate. we've seen a lot of that. the point is there's been a lot more selling this december. i look for several stocks to bounce back in early january. >> you are on hold until you can see the whites of their ey in washington. right? i mean, you're waiting to see what happens with this fiscal cliff? >> i am. i tell you, i think that the christmas gift people are getting right now is to sell above 13,000. we were surprised we're not getting a deal. i'm
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